Where the organization is a financial institution subject to internal governance requirements under EU financial services law, compliance with those governance requirements fulfil the obligation to put in place a quality management system under Article 17, except for points (g), (h) and (i).
The organization should identify and document the internal governance arrangements, processes and controls that address the applicable quality management system requirements. A clear linkage between those governance requirements and Article 17 obligations should be maintained.
The aspects referred to in Article 17.1 points (g), (h) and (i) should be addressed separately where applicable.
Any relevant harmonised standards referred to in Article 40 should also be taken into account. How such standards have been considered should be documented in order to demonstrate the internal governance framework fulfils the applicable requirements.
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